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Recent reports reveal significant shifts in labor markets in the US and Russia. In the US, job openings have decreased, and the quit rate has hit a low, impacting wage growth and career advancement. Meanwhile, Russia faces a labor deficit, leading to rising wages amid changing workforce dynamics. The gender wage gap in the US has also widened for the first time in 20 years.
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The Labor Department's latest report shows a 0.2% increase in the producer price index from September to October, with wholesale prices up 2.4% year-over-year. This follows a consumer price increase of 2.6%, raising questions about future inflation trends and Federal Reserve interest rate policies after Donald Trump's election victory.
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Following Donald Trump's election, the House passed a controversial bill targeting organizations deemed to support terrorism. The legislation has raised concerns among nonprofits about potential misuse, especially under Trump's administration. Meanwhile, Trump's nominee for Labor Secretary, Chavez-DeRemer, faces skepticism regarding her commitment to workers' rights.